Wolf Haldenstein Investigates i2 Technologies, Inc. Proposed Acquisition
|
| Posted
:
Thu, 05 Nov 2009 23:26:41 GMT |
| Author
:
Wolf Haldenstein Adler Freeman & Herz LLP
|
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
NEW YORK - (Business Wire) Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of i2 Technologies, Inc. (“i2” or the “Company”) [NYSE:ITWO] arising out of the proposed acquisition of i2 by JDA Software Group, Inc. (“JDA”). On Thursday, November 5, 2009, i2 announced that it had agreed to be acquired by JDA in a deal that may be structured in one of two ways. Under the intended structure, JDA would raise $275 million in unsecured financing that would put i2’s purchase price at about $18 a share, with current i2 shareholders getting about $12.70 in cash and about a quarter-share of JDA stock for each i2 share. If JDA cannot raise the funds, an alternative structure would give i2 shareholders less cash and more shares of JDA. The deal’s financial structure includes the purchases of the shares for $434 million, along with an agreement to retire about $121 million in debt. JDA would then get back about $160 million in i2’s cash on hand when the deal closes, putting the value of the deal at $396 million. However, the Company may not have adequately shopped itself around before entering into this transaction and, pursuant to this transaction, JDA may be underpaying for i2, thus unlawfully harming i2 shareholders. Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm. If you own i2 Technologies common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact: Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome. Wolf Haldenstein Adler Freeman & Herz LLP Gustavo Bruckner or Derek Behnke 800-575-0735 or 212-545-4600 bruckner@whafh.com Classmember@whafh.com
|

Copyright © 2008
Business Wire. All rights reserved.
|
|
|
|
|
Related
News
Ballistic Publishing Announces EXOTIQUE 5--The World's Most Beautiful CG Characters
EXOTIQUE 5 is the world's largest collection of new character art in print, and expands its focus on the most popular genres of fantasy and game art. The EXOTIQUE series is a celebration of the enormous talent of its featured artists, and an updated layout for EXOTIQUE 5 welcomes even more ch...
Jean Rah Fya Records Recording Artist Bobby Tinsley Wins for Best R&B/Soul Artist at the 2009 HMMA Awards!
HOLLYWOOD, Calif., Nov. 21 /PRNewswire/ -- Jean Rah Fya Records recording artist Bobby Tinsley won the award for Best R&B/Soul Artist at the 2009 HMMA awards alongside some of Hollywood's music industry greats. Also taking home awards were legendary Rock and Roll Hall of Fame in...
Diabetes Month Highlights Prevalence, Difficulties With Delays in Receiving Disability Benefits
November is American Diabetes Month -- an ideal time to examine how individuals with diabetes fare in the SSDI process./I/P
PBelleville, Ill (Vocus) November 21, 2009 -- Nearly two thirds of initial applications for Social Security Disability Insurance (SSDI) are routinely denied, and i...
Saunders Landscape Supply Expands Firewood Delivery in Northern Virginia
Saunders Landscape Supply expands their firewood delivery services by offering new products and in an expanded delivery area. The expansion sets the stage for business growth in 2010. /I/P
PChantilly, Virginia (PRWEB) November 21, 2009 -- Saunders Landscape Supply, a Chantilly, Virgini...
'World wide Ceilidh' Launched to Celebrate St Andrew's Day
To celebrate St. Andrew's Day 2009, Scotland is inviting revellers from around the world to join the celebrations online with the launch of a new viral campaign, "World wide ceilidh"./I/P
P(PRWEB) November 21, 2009 -- Scotland is inviting St Andrew’s Day fans across the ...
BigDaddy & The Bulldogs & The Bad Moon Saloon Host a Benefit for The Rock 4XMAS Foundation
On Friday December 4th, 2009, 3 Long Island bands will participate in a fundraiser for Rock4XMAS.com The music for the evening includes artists such as BigDaddy & The Bulldogs, Mama Funk & The Mudcats and The Bobcats The event is produced by Act1Entertanment, Inc & will benefit Lo...
Meta Health Technology Introduces PowerRAC Software Tool. New Hospital Software Manages Recovery Audit Contractor Process
Meta Health Technology, a leading provider of software solutions for health information management, has introduced PowerRac, its new web-based software tool that enables hospitals to effectively manage the Recovery Audit Contractor (RAC) process and protect their legitimate revenue. The softw...
|
|
|
|
|
|
|
|
|